On Dec. 5, Coinbase unveiled changes to its Web3 wallet to make the product more user-friendly and streamlined. One of the biggest updates was the introduction of the ability to send funds using a text message on popular social media messaging platforms such as WhatsApp and Telegram. In a company blog post, the firm said...Read More
ARK Invest, led by Cathie Wood, made a significant move by selling $33 million worth of Coinbase (COIN) stock on Tuesday, following the crypto exchange’s shares reaching a 19-month high, driven by the recent surge in Bitcoin’s (BTC) price. The global asset manager, known for actively adjusting its portfolio in response to cryptocurrency market dynamics...Read More
The largest US-based crypto exchange experienced a threefold increase in law enforcement requests in the current year compared to 2020, as revealed in its latest transparency report. The total number of requests during the reporting period amounted to 13,079, marking approximately a 6% rise from the previous year. Notably, the United States maintained its position...Read More
The prospect of a regulated spot Bitcoin ETF has roused cryptocurrency investors into a frenzied bull run. They expect an ETF product to on-ramp millions of investors in structured broker-dealer accounts. Since March, Bitcoin (BTC) has traded in a range bound by support at $25,000 and resistance at the $30,000 level. As spot ETF rumors...Read More
The largest cryptocurrency exchange – Binance – experienced an increase in the withdrawal of funds shortly after its chief executive, CZ, pled guilty to criminal charges. Although the mass exodus of digital assets from Binance has somewhat diminished, outflows persist. The latest data indicates a transfer of funds between Binance and Coinbase Pro. CZ pleaded...Read More
The downward trend in 2023 has failed to deter the steady pace of deals and investments in the digital market space. Binance Research’s latest report revealed that a substantial share of this sustained growth came from gaming and infrastructure projects. While the traditional VC share surged to 45% since the beginning of the year, the...Read More
Leading U.S. crypto exchange Coinbase has launched a new protocol for on-chain payments. The new open-source Onchain Payment Protocol is an update to Coinbase’s Commerce product. According to a blog post, the new protocol will simplify and standardize on-chain payments for currencies available on Base, Polygon, and other Ethereum Virtual Machine networks, offering volatility-free payments...Read More
South Korea’s National Pension Service (NPS), which is one of the largest pension funds in the world, bought approximately $20 million worth of Coinbase stock (COIN), an investment that has raked in an unrealized 40% profit for the fund. The move marked the first time NPS would include a crypto-based company in its U.S. stock...Read More
The potential approvals of spot Bitcoin exchange-traded funds (ETFs) are poised to revolutionize the cryptocurrency market. According to industry experts and recent analyses from Coinbase and other financial institutions, once such products see the light of day, shifting the focus from tracking fund flows to considering the long-term impact on the market is important. Spot...Read More
Solana has taken center stage, surging from $21 in mid-October to almost $45 the last week. After the downfall of FTX, SOL briefly dipped below $10, the recovery, however, was partly driven by surging activity on the network. The past month has seen a notable improvement in what initially was a challenging year for altcoins...Read More
Coinbase, America’s largest cryptocurrency exchange, announced its plans to end support for Bitcoin SV (BSV) on its platform. This decision comes more than two years after the exchange initially delisted BSV from trading. Coinbase Sets Deadline for BSV Withdrawals According to the announcement, Coinbase will cease to support the BSV asset as of early next...Read More
Friend.tech has been a major catalyst behind Coinbase’s layer 2 network – Base’s – initial explosion. The decentralized social network, however, experienced a significant decline since September with several metrics hovering near all-time lows. According to the latest data compiled by Dune Analytics, the number of new users on Friend.tech was recorded to be 682...Read More
Coinbase exceeded its revenue projections by reporting $674 million in Q3, surpassing analysts’ earlier estimates. The figure surged by 14.2% year-on-year but was down by 4.8% quarter-on-quarter. During the same period, the San Francisco-based crypto giant generated $288.6 million in transaction revenue and $334.4 million in services and subscription revenue. The net loss, on the...Read More
Coinbase launched Base as an Ethereum layer-2 network earlier this year, marking a milestone as the first publicly traded company to launch such a network. Since making the network available for everyone on August 9, Base has witnessed significant growth. New data suggest increased token holders on the Base ecosystem. According to the crypto analytic...Read More
According to Spot On Chain, addresses related to FTX and Alameda transferred $13.6 million to Binance and Coinbase on November 1. This development comes as Sam Bankman-Fried’s case continues on allegations of fraud and money misuse, among others. Massive Deposits of EVM Tokens Continue FTX deposited $8.12 million worth of three assets to Coinbase earlier...Read More
According to a recent Coinbase research, the tokenization of financial assets has been steadily gaining momentum since 2017, bringing the evolution of digital financial assets, including sovereign bonds, money market funds, and repurchase agreements. As per the report, the growth has been dramatically buoyed by the existing high-yield environments but still faces huge infrastructural and...Read More
In a recent study conducted by Coinbase, a paradigm shift has emerged among the young American population. An impressive 38% of younger Americans now believe crypto and blockchain technology can provide significant economic opportunities not commonly found in the traditional finance sector. Interestingly, this stands in stark contrast to older generations, where approximately 26% share...Read More
Amidst mounting regulatory threats on the home turf, Coinbase has announced its intention to locate its EU MiCA hub in Ireland, citing a supportive political environment for FinTech companies. The latest move is part of Phase II of its highly ambitious “Go Broad, Go Deep” international market strategy, for which Coinbase has revealed having several...Read More
Coinbase has revealed that customers residing in eligible non-US regions now have the opportunity to engage in perpetual futures trading on Coinbase Advanced, the firm’s specialized platform designed for discerning retail traders. Starting on October 18, traders will be able to employ USDC as their currency of choice to place bids on four distinct contracts...Read More
Coinbase announced the delisting of several trading pairs starting today in a bid to enhance overall market health and consolidate liquidity. The leading crypto exchange said the latest decision comes after regularly monitoring the markets on its platform. Coinbase Delists 80 Non-USD Trading Pairs According to an announcement on October 17th, Coinbase said it had...Read More
Coinbase – which happens to be the largest US crypto platform – registered nearly $76 billion in spot trading volume, according to a new Bloomberg report. This marks a 52% decrease compared to the same period last year, and it is likely the lowest figure recorded since well before the company’s high-profile direct listing on...Read More
Coinbase’s Ethereum layer-2 protocol, Base, has recorded a significant rise in its total value locked (TVL) once again, hitting $558 million this time. According to data from Ethereum layer-2 analytics platform L2Beat, Base’s TVL surged by more than 25% in the past seven days, surpassing Matter Labs’ zero-knowledge (zk) rollup tech-powered scaling solution, zkSync Era,...Read More
In a predictable move, the SEC filed a motion to oppose Coinbase’s motion to dismiss the case on Oct. 3. “It’s more of the same old same old,” said the exchange’s chief legal officer, Paul Grewal. The SEC sued Coinbase in June, a day after it went after Binance. It accused the firm of selling...Read More
Coinbase-incubated layer-2 blockchain, Base, witnessed a dramatic rise, even briefly outshining Ethereum mainnet. Based on Optimistic Rollup and developed on the Ethereum network, Base utilizes OP Stack tech that has added to its appeal owing to the growing demand and popularity of alternatives in the ecosystem. However, its TVL has taken a hit in the...Read More
US-based cryptocurrency exchange Coinbase has successfully obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), building on its in-principle approval granted by the state regulator in October of the previous year. This significant milestone grants the company the authority to provide regulated digital payment token (DPT) products and services. As...Read More
Crypto trading platform Coinbase has received regulatory approval from the Bermuda Monetary Authority (BMA) to bring perpetual futures trading to retail customers outside of the United States. Following Thursday’s announcement, COIN shares popped 6.81% on the day. Perpetual Futures Comes to Retail In the company’s announcement on Thursday, Coinbase framed its offering as part of...Read More
Chainlink – the leading Oracle service provider – has announced that its Cross-Chain Interoperability Protocol (CCIP) is now live on Base in a bid to enable developers on the Coinbase-incubated Ethereum layer-2 network to have access to the secure and easy-to-use interoperability protocol for building cross-chain applications and services. The move comes a month after...Read More
John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves. Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed...Read More
US-based cryptocurrency exchange giant Coinbase continues to push forward with its efforts to seek regulatory clarity for the crypto industry, claiming that the current enforcement approach by regulators stifles innovation and puts global leadership at risk. The company has launched a new campaign to mobilize over 50 million crypto holders in the United States to...Read More
Coinbase, one of the most popular crypto exchanges, continues its expansion journey with the official launch of its Web3 wallet designed to facilitate transactional interactions for major institutions with Web3, DeFi, and NFTs. Per Coinbase’s statement, this crypto wallet will rely on MPC tech to enable clients to store tokens from supported networks, access funds,...Read More
